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BMO Financial Group Fraud Risk Officer in Chicago, Illinois


The mandate of the Enterprise Fraud and Physical Security Risk Management team is to provide specialist direction and oversight to BMOFG Operating Groups (OG) and Lines of Business (LOB) on the identification and management of fraud and physical security, as well as, to apply and operationalize BMOs Integrated Information and Technology Risk Framework. The team is accountable for the governance of BMOFGs exposure to Fraud Risk and Physical Security risk including the oversight of the Integrated Information and Technology Risk Framework.

This role creates, establishes and maintains a leading fraud risk management practice that is effectively able to proactively identify and prevent risks and ensure they are actioned in a timely manner. As well, under the direction of the Director, Enterprise Fraud Management and Physical Security, the role will be responsible for providing specialist direction on the appropriate and effective ways to manage fraud, as well as apply and operationalize BMOs Integrated Information and Technology Risk Framework within all LOBs.


  • Institutionalize the consistent application of the Integrated Information and Technology Risk Framework, risk taxonomy and risk appetite across the Enterprise with a focus on fraud.

  • Establish consistent risk identification and measurement processes to effectively understand and communicate BMO's risk exposure within on Fraud and Physical Security risk groups / stripes.

  • Attain and operate in a proactive state, as defined in the operating model, within 12 months. Capability of Real time reporting of Fraud risks is established and key fraud prevention mechanisms are documented and adequate oversight is provided for implementation.

  • Ensure real time reporting and escalation capability for fraud risks.


  • Performs review and challenge of 1st line of defense core activities for fraud risk prevention and measurement, mitigation strategies, and material risk identification with the goal of attaining best in class Fraud prevention competency at the bank.

  • Drives the socialization, adoption, consistent and appropriate implementation, and ongoing maintenance of the fraud standards, policies and procedures etc. across many entities

  • Maintain awareness of and apply insights on industry fraud risk trends and experience associated with cyber threats and digital banking channels/services.

  • Leverage data discovery and analytics to support risk assessment activities and conclusions

  • Support the development and delivery of fraud training (customer and employee) and awareness programs through subject matter expertise

  • Provides subject matter expertise on regulatory requirements and defining threats and risk scenarios in order to provide recommendations on changes or program enhancements required to address such requirements and threats

  • Sustain awareness of the global environment as it relates to preparedness against fraud risk

  • Represent the Enterprise on fraud related committees and industry working groups, as well as, work with external parties as required

  • Acts as a fraud risk management advocate to the first line business units ensuring business buy-in and facilitating integration of second line frameworks policies, standards, and minimum requirements

  • Provides oversight of the following 2nd line activities including:

  • Risk and Compliance Assessments (i.e.IAAPs, SEMS and RCSAs)

  • Control Testing Validation

Issue and Incident Management


  • Bachelor’s degree in Information Technology, Computer Science, Business Administration, or relevant educational and professional experience

  • Strong understanding of banking business models related fraud risks and ability to effectively communicate information risk and threat topics to executives

  • Proven experience in identification of emerging and existing information, fraud and technology risk themes across the industry

  • Strong skills in applying fraud prevention planning principles

We’re here to help

At BMO Harris Bank we have a shared purpose; we put the customer at the center of everything we do – helping people is in our DNA. For 200 years we have thought about the future—the future of our customers, our communities and our people. We help our customers and our communities by working together, innovating and pushing boundaries to bring them our very best every day. Together we’re changing the way people think about a bank.

As a member of the BMO Harris Bank team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at .

BMO Harris Bank is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. BMO Harris Bank N.A. is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Job Field:

Operational Risk

Job Schedule:


Primary Location:

United States-Illinois-Chicago